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Bitfinex Review - Pros and Cons of Bitfinex (A Detailed Review)Just to be clear, 12 confirmations should take 2 hours, by design, with 10 minute blocks. So "5 times longer" isn't accurate. Lesser withdrawal confirmations are needed if your Bitfinex account meets our Greenlane Conditions. These are a set of security requirements. This happened to me a few days ago. I've sent BSV to Bitfinex numerous times and the required 10 confirmations have never been an issue, this.